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Showing 171 - 180 of 936 results for "AFSL"

Court approves wind up of Prospero Markets

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... following an application by the corporate regulator. ASIC has been investigating Prospero Markets for non-compliance with its AFSL conditions and obligations as an OTC derivatives issuer. The regulator said it has been contacted by Prospero Markets clients ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... standpoint. One key issue is whether individuals and entities who provide aged care financial advice need to be authorised under an AFSL and comply with financial advice laws, regulations, and ethical codes. Aged Care Steps director Louise Biti said ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... unlicensed. In addition, ASIC said he held out that Panacea Capital was authorised under an Australian Financial Services Licence (AFSL) when this was not the case. ASIC found Creigh provided fact sheets to investors to induce them to invest in the Crypto ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... Court will be on April 19. On 21 February 2023, Sipina was charged with carrying out a financial services business without an AFSL. At the time of the offense, the maximum penalty for this crime was a fine of $34,000, a prison sentence of two years ...

Hostplus rejects anti-competitive behaviour claims

KARREN VERGARA  |  TUESDAY, 12 MAR 2024
... pointed out that Hostplus misled the government in its submission, which stated that Employment Hero does not have appropriate AFSL arrangements despite knowing that it does. In its response to the consultation, Rest also called for a ban on commercial ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... priority" and that the best way to secure the efficient return of funds to clients is to appoint liquidators. Prospero's AFSL enabled it to issue and make a market in derivatives and foreign exchange contracts, deal in derivatives and foreign exchange ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... April 2024 to do so. "They have 'at least' until 8 April 2024 because the Australian Financial Services Licence (AFSL) held by Dixon Advisory was cancelled by ASIC on 5 April 2023," Mackay Chapman executive counsel Matthew Kennedy and director ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... 169 investors, including for the development of a product by Kradle Software. During this time, MacroLend has not held an AFSL. In courting investors, ASIC claims Hodgson told them Kradle Software held intangible assets of $1.02 billion when it did not ...

New chair for iExtend

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... Rodney Payne as chair of the life insurance start-up. The appointment comes as iExtend is in the throes of applying for an AFSL; in November it entered an enforceable undertaking with ASIC after it was found to be operating without one. For the time ...

Jailed adviser permanently banned by ASIC

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
... the time, he was sole director and shareholder of Platinum Perpetual Global Private Wealth. In September 2019, the firm's AFSL was cancelled in September 2019 after he was charged over the conduct by Western Australia police. At that time, he was charged ...